US: Brown-Forman spirits offset poor wine sales
The US drinks producer Brown-Forman today said its third quarter earnings per share were up 22% as performances from spirits brands Southern Comfort and Jack Daniel's offset a "substantial drop in earnings" for its wine division. Earnings per share for the quarter ended January 31, 2003 were US$1.02 or $0.18 per share. Adjusted for business improvement costs, earnings for the quarter improved US$0.14 per share, or 16%.
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